>> hercules, offshore. >> hlss. home loans servicing. >> i would say take your time, you're going to have plenty this summer to add things you like. >> that does it for us. have a great evening. we'll see you tomorrow. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bulwark in summer. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. you want to make friends i'm trying to save you money. my job is not to entertain you but educate you so call me, 1-800-743-cnbc. so often things around here are day to day. yesterday, yesterday we got strong numbers. ♪ you had to sell all the food and

beverage stocks. today we got weak numbers. the u.s. economy a pathetic 1.8% in the first quarter. worse than we thought. so we bought back the recession resistant drug and food names we threw away yesterday. and there are enough of them to help out and drive the averages higher. with the dow gaining 150 points. s&p 96% and nasdaq advancing 85%. got me, what doesn't blow with the wind, what isn't hodge to the higher interest rates we got yesterday or the lower rates we saw today because of the softer information. yes, it was that big of a transformation. what transcends the day to day and just keeps going higher? hey, had been housing for a while but we know that group is further, long-term because of the developing housing shortage. we love oil and gas like the

american glut for all of our finds, it becomes hit or miss. we are definitely into the gatsbization of the u.s. economy meaning the rich has become richer, more heavily taxed but those stocks, too, have been bucketed by on-again, off-again with the fed seems to not be accommodative. into a roadway inn of higher interest rates. hey, tech. love, love, love tech. unless you're talking apple, which has become a second quarter wasteland. thank he was for microsoft micron, also google which i think cannot be stopped except for by a government, some government. that's how powerful the story is going into the third quarter. you know why adore the banks? they love their charts, too, but you know the media hates them, hates them so much you can almost count on a negative to hit the group if they bounce back quickly and decisively.

we had two or three breathtaking. anthropo logical, what industry national rat city, decline in copper, recessions in europe, rise in turkey, protest in brazil, unsettled middle east. what group transcends these issues? what has visibility beyond the horizon instead of 10 feet in front of us? what business can give you more than a a 20% forecast. aerospace? our guest, president and ceo of boeing doesn't just have a 20-minute forecast for his industry, he is a 20-year forecast. replete with statistic that show aerospace is $4.5 trillion market for planes over the next decade, give or take a few planes. in sane, walleye, preposterous? accurate. a real "mad money" treat, the

cornucopia of success, american manufacturing prowess, innovation and proud leadership duck tails as solidly as a wing a fuselage. of course boeing is an entire sector. boeing and airbus can drive a sector and it's a sector that's in true secular growth mode. secular meaning not that it's anti-religious but it will grow no matter what happens to the u.s. economy or the world economy. why not set the scene for boeing by talk about how the aerospace has become the one and only industry that can withstand up and downturn. a downturn that may not be over depending on how bonds in china uptrade and can be beginning if interest rates settle down and china keeps funding its banks. those are the two issues. first aerospace is about progress. yeah, we don't talk about progress enough. can't imagine on a spreadsheet very well. if you're looking for a historic cal theme unstoppable, it doesn't get any better than

progress. after all, how is it possible for the world's largest air manufacturer to give a forecast and not blow smoke. we know as the world gets wealthier, making you feel poorer, more people travel. how many airports are they putting up in china alone? we'll find out later in the show. it's a secular growth whether we examine through prism of price line or starwood or usair ways or any carriers around the globe, almost daily. they can do this demand is high for jet travel and seems to know no downs, even in a globally downturn, passenger travel has been growing at a 5% clip. who knows how fabulous it can perform if things ever get better around the world. second, aerospace, because of what we now accept to be the permanently elevated price of jet fuel, the airlines can't afford to not, sorry about the double negative, upgrade their

planes. fuel used to be the big cost. get in line for new ones, which is exactly what the carriers around the globe are doing, particularly since the new boeing 787 dreamliner uses 20% less fuel than today's similarly sized planes. by the way, you can't cut the line, doesn't work like that third, have you to keep up with the joneses, in this case boegs, new creature comfort, spacious aisles, better lighting, better smell thanks to new filters. go against one of these planes you're going to have to charge less for your flying box kamplt finally, nothing lasts forever. while airplanes have no plane obsolescence, if you're in business you have to re-up for planes you'll only get years are now because backlog for any aircraft of any size stretches for years and years, hence, boeing can have a 20-year forecast anything but fanciful. here is airspace, a theme.

what stock withstrands dreamliner's endless design delays and go up 30 points in the interim. more to it than boeing. consider united technies honey well. don't forget united technique diversified industrial heating ventilation air conditioning, elevators doubled down on airspace with acquisition. key fashion forging casting for aircraft makers rallied $7.30, $119, pennies from all-time high. how many stocks with still make that claim after the selloff. if you want value, you know what? you can still buy aerospace, triumph, spirit aero, best of breeders, you really don't need to overthink this. now today when averages are up, i know, you think, cramer, the

themes, the themes, the themes. what kind of theme. you don't need a theme at all. can you buy anything that moves. but here is the bottom line. every since the fed decided to play hamlet, to be a taper or not to be a taper, the buy anything that moves train has long since left the station. and that's why when you have a theme like aerospace you have to embrace it during the momentary declines this market gives you. you can bet given the visibility that those declines are sure not going to be caused by the industry itself or most definitely by the players who dominated. i want to start with sunny in illinois. sunny. >> jim cramer, a big chicago blackhawks boo-yah to you. >> hats off. that was an exciting series and a terrific team. congratulations. >> caller: you should fly in and join us on the parade, celebration we're having on friday. >> i'm waiting -- i have to be

at the phillies world series parade and also have to be at the super bowl for the eagles. but go ahead. i'm a little jammed up schedule wise. >> caller: this is a crazy marker and my head is spinning like a record player, an up day, down day, up day, what's going on? >> we're totally hodge to the guessing game of what the fed is doing, speculation, not investing. we just care about what a government official is saying not what the companies are saying. these things will pass. once again we'll be picking stocks. that's where we are right now. lets go to cecile in florida. cecile. >> caller: hi, jim. good evening, boo-yah. >> i like that spirit. what's going on. >> caller: first i just have to take one second to thank you for coming to my house at 6:00 and 11:00 at night. >> and you serve me nothing. >> caller: and your books are fabulous. >> thank you. thank you very much. >> caller: cnbc was so right to put you on intermittently on

"squawk box" and all the others. >> thank you. i am proud to work for this network and i'm also produced to have a job here because i think it's terrific. go ahead. >> caller: okay. my question is about gold in general. i have gold. i bought it april 2011. i'm down 71.65%. even with the 4.83 dividend yield. then against your advice, i doubled up and got eldorado gold because it was so hot. i'm down 31.95%. i've had it since march 2009. what can i do? >> ceceile, you invited me in at 6:00 and 11:00 but you didn't sit around the dinner table and listen to me on gold stocks. you're going to have have to sell. worst combination. product is declining, getting

out of the ground increasing in value. unhope alliance, big losses and dividend cuts for the group. you know what, it just doesn't happen, but thank you for the kind comments. time to fly away. it's just plain simple, aerospace is ready for a takeoff. it's a proud american industry that innovates and does fabulous things and we'll find out more about it when "mad money" comes back. >> coming up, ready for takeoff, neither the sequester or grounding of the dreamliner could stop boeing from soaring 30%. could it go higher? cramer's exclusive with the ceo of this iconic company just ahead as "mad money's" invest in america continues. ♪

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on "mad money." we're focusing on great iconic american companies with stocks that you can own in this environment, in any environment. companies like boeing. here is a quintessential american business, largest manufacturer of commercial airliners, military aircraft out there. at the beginning of the year everybody was worried congress

would screw it up, sequester, defense spending, boeing at big defense exposure. we did get hit with the sequester. not only that, boeing, 787 dreamliner was grounded for battery issues until the company came up with a solution. all around 2013 was horrible, right, not a great year at all for boeing. you'd be wrong. stocks 30 year-to-date, second best performer to dow. hewlett-packard was down 20% in 2012. i think boeing's testament to the power of current aerospace cycle and more importantly american ingenuity. at $100 i wouldn't be surprised if the stock has more room to run. when 787 kicks in, profits extend as far as the eye can see and a heck of a lot further as our next guest will tell you. lets check in with jim mcnerney. the president and ceo of boeing, find out where his company is headed. welcome to "mad money." >> thank you, jim. >> starting opening for a starting company. >> not bad. >> right to the point here, how

big really is boeing? we had gdp figures? are you the single biggest component? huge export economy. are you the biggest single exporter? >> by the numbers we are. i think rather than just talk about boeing, the aerospace industry has the best relationship between exports and imports of any industry in the united states. so arguably our most competitive industry and we're proud to lead it. >> does it matter you are a uniquely american company. we have boeing exceptionalism and american exceptionalism. in the end you're selling to countries that may not be welcome to the united states at this point. >> obviously on the defense side of our business we have to be sensitive to that, and we are. we work with our government. on the commercial side, everybody is trying to build their infrastructure. that's part of the growth. it does stretch as far as the eye can see. that's less of a factor. so when you think about commercial side, you think infrastructure buildout, developing world.

on the defense side a little more sensitive about some of the things you mentioned. >> i happened to see your incredible video at the national museum in new orleans. i was incredibly conscious of the great history of your company, the b-17, b-52. these were weapons of war. are there countries that do not want to buy boeing commercial because of boeing defense, or is it considered to be a sign of tremendous strength given the reliability and greatness of our military? >> i think it tends to go the other way. i think most people, quite frankly, would like to have our technology, whether it's on the defense side or the commercial side. it's more sensitivity to our country's relationships around the world that drive some of the defense choices that are made. commercially we can sell most anywhere. there's a couple of no fly countries and you can probably name them. by and large we can sell any place. >> you're very unusual as a business person. have you a 20-year vision for boeing. what has to go right?

what could go wrong with that? no one has that visible? >> i think you're right. we do think in 20-year increments. for two reasons. one, the market you can see it when you consider the markets you're dealing with but also technology cycles go that far. we've just gone through a rough technology cycle, innovating with 787 but now we're in a position we can harvest the technologies associated with it and spread it across our fleet in a lesser risk way. hence, the word "harvest" over the next 20 years. that's when you begin to get comfortable with the kind of replacement economics we can offer our customers across our entire product line. >> i know in your excellent presentation at your meeting, your analyst meeting, you talked about how 20% savings going to 40, 50% in terms of the amount of money airlines spend on fuel. >> yeah. >> but you did say there are some parameters you can get hurt. i was thinking if oil went to

140, that shuts down a lot of that. how about before it went to 70 and we didn't need replacements? >> i think 70 is still okay. it's pretty simple. the pay back on the premium you'd have to pay for a new piece of technology at 70 is pretty fast. talking about an 87 that has 20% better economics. that pays back in a hurry. >> lets talk about dreamliner. at your worst possible moments did you ever worry that the battery was a colossal mistake, couldn't be fixed, lose orders and owe a fortune to those that stuck by you. >> never. >> never? >> never worried about it. it was a solvable problem, a difficult problem, one we regretted having at the expense of our company. the response with the people of our company was roll up their sleeves and go to work and solve the problem. my job was to keep the distractions away from the people doing the real work in the country and satisfying investors and satisfying customers.

>> tough to keep your head out of the media. was it any difference if we had better media coverage than we used to have for boeing's initial runs? >> are you saying is the media too intrusive or -- >> the footage was great. there may have been problems we didn't think about. you're such a high-profile company? >> it's true. you do have to deal with the media, but you deal with it. okay? but what you can't forget is to get the job done. you can't forget supporting your people, being more worried about supporting your people and customers than worried about the next thing you're going to say wrong with the media. if you get that upside down, things go wrong. >> are we done? you had two unscheduled landings last week. is that now the regular run that would occur? >> yes. we talk about diversions and turnbacks. at this stage in the triple 7 program we had more. this is not to discount or

excuse the battery issue. but other than that, i think what's fair to say, now that the battery is resolved, the full promise of this airplane has not been impaired at all. we're good. >> and is it harder to get in the queue now? was there anybody that came to you, others may be canceling, i wan to jump the queue, get in front of the line. did they use it for advantage? >> some have more than others, southwest airlines, obviously, they have a say. we're out to about 1,000 in our backlog on the 87. we just launched the new version in paris, 787, it speaks to our product and the ability to produce it. you can't get one before 2019. >> total cost all in, including the polish airline you agreed to reimburse last week? >> yeah, we're okay there. a lot of that is in kind, helping them, regretting the

impact, and we work with them. we have lots of different ways into these airlines and ways to work with them to help mitigate it. >> you've rolled out an incredible, but also tough -- hey, listen, you're kind of a tough guy. partnering for success. in the analyst meeting you say we've got a no-fly list. they will feel the pain, those who do not play in your supply chain. how is that received? >> i think it is -- i don't mean to be quite as dramatic. i wish you'd said it for me. you're better. i think we mean it. we want partners -- we're going to be the winner in this industry. >> we're meaning boeing? >> boeing is going to be the winner. my message is don't bet against us? >> zero some? >> disproportionate growth. us. 20 years. and so as you make your plans, don't bet against us. there may be a little margin for volume trade. we get a little margin, you get more volume, lets work together,

that's the message. >> okay. what happens if we have a president that says, you know what, jim, i know you're in the export community, you have 172,000 of our citizens on your payroll. you're a gigantic defense contractor, you will be on our no fly list if you don't pay the highest prevailing wage in the country. what happens if the president says that? >> we hope it doesn't come to that. obviously, as long as it's done across the industry, we'll have to deal with it. it will make us less competitive globally. we hope we don't have to have those kinds of discussions. we have them. >> you do periodically -- >> politics do impact the defense procurement process. we work through it. at the end of the day, if we produce the best stuff at the lowest cost and have better productivity than our competitors, we're going to do fine. >> do you have leverage against the united states if they did do that, such a big exporter and job creator? >> i don't want to think about it that way.

>> we'll take a break and more questions about boeing and the world and you as president of boeing. american innovation and investing in america. stay with us. i want to make things more secure.

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undereducated. you're the vortex of american engineering. you need engineers. do we produce enough? would it be better if you were in another country, easier if you were in another country? >> we don't have enough. we have big brand, get disproportionate numbers. immigration reform critically important. we need to bring in more from outside, stimulate competition inside and get going. we need more engineers in the country. >> what can we do about it, can boeing do something about it? >> immigration reform is number one. >> how many people do you sponsor every year? >> we bring 1,000 interns, sponsor first robotics. we sponsor more stuff. we spend $100 million a year engineering programs with schools, development programs. >> you don't talk about it? >> we want to hire those guys. we don't want to let everybody else know, train them and let everybody else hire them. >> you're a candid guy.

china is in the owe they decide better. >> i think the american economy is stronger than people think. >> okay. >> but the american economy is dependent on a tough situation in china and a very difficult situation in europe. there's a governor on u.s. growth. so i still see a moderate slow growth global environment. i can't get beyond that. i wish there was more. that's what it is. if you build a business plan around something else, i don't think it's smart. >> you mentioned china. china can be a best friend because they have a lot of airlines and buy a lot of aircraft. they can be one of the greatest reasons why your defense business could be strong because suddenly building out a military in southeast asia. make money both ways? >> yeah, yes. the china threat is something that people want to respond to in the region, most of those are

u.s. allies. and on the commercial side, china is building 93 airports right now. six of them are the size of o'hare, just to give you a feel. they are building infrastructure and the pundits will say they are getting out ahead of themselves. airports will be empty for a few years. these guys are dead serious about the infrastructure thing. we are benefiting from it on the commercial side. >> do you have to sell them or do your planes sell them? >> we're fortunate we in some respects without sounding immodest, we represent in many ways the relationship with the united states. i mean, i think -- we're used as a political football on both sides of the equation. but they tend to balance us out against aero bus. as a geopolitical buy we tend to get somewhat more and we're happy about that. >> you were a great athlete at yale. is airbus like harvard, or is it

the sworn enemy and you want to smash them on the windshield of the 787. >> the competition isn't quite as gentlemanly as harvard and yale. it's tough competition. when we're fighting for a customer, it's tough. it's very tough. and i know the guys. they know me. it's friendly, but it's rough. >> and at the same time you have to deal with the sequestration. has there been even a penny lost in sequestration 2013. >> are you saying year over year? there's been some year over year. you've got to remember, jim, most of the cost was taken out in the run-up to sequestration. a lot of us took out 10% of our cost because we saw it coming. >> you don't blame anybody on the battery. you just took it on yourself, even though you didn't make the battery yourself. you don't care. >> we're a company that innovates. we take some risks when we

innovate. in the end it's a great company. along the way there are risks to deal with when it doesn't turn out right and we work it and got it done. >> if your game is invasion you can tolerate failure and learn from it. that's true now. >> you got it. >> trying to figure out if you're trying to figure out whether afghanistan winds down, iraq winds down, can you make it up on asian military work? >> there's no question that all the consequences -- if all the regional conflicts in the world wound down, it would be an impact on military sales to the defense department of the united states. but it would not go down -- it would go down to sequestration levels and maybe a little bit more but it's not a 30, 40%, it's a 10%. large part it would be made up by middle east asia. >> besides your job you're on the boards of ibm and procter &

gamble. ibm, proctor difficulty. i'm told you're deeply involved in the change of procter & gamble. is that true, one? two, how do you have the time? >> of course i was involved in both transitions. i was on the board. these are confidential situations, jim, you do appreciate that. there's a lot of synergy being on boards, believe it or not, even though we're dealing -- >> in the shampoo and soap business. >> global outfit. >> fair. >> a lot of cross-currents there. it's -- there is learning to be had by being on those boards. >> you can make up the time because it works -- >> these are seven day a week jobs anyway like your job. >> thank you. i have more downtime than you. 30,000 feet, you're boeing. if you were president, how would you help business in would you do more? would you get out? is getting out the best thing a president can do, not be involved at all?

>> i think the overall message would be do less. i think on the regulatory side, i think some of the regulation is slowing us down. i think on tax i do more. i think we need a new and simpler and lower tax regime on the corporate side. i think on fiscal policy there's got to be more to do there, too. they have got to get their handle on entitlements. >> given that, sounds like, i'd like to know, are you long america? would you be long america given that? >> absolutely. >> why? >> i think -- the way i think about it is, there's a very robust economic sector, private economic sector. look at the stock price, the dow. >> right. >> look at the global competitiveness of global american companies by any measure. could it be better? yes. if washington got its act together. washington doesn't have its act together. it will limit an upside but not keep us from winning. >> a lot of companies would say

i'm long north america. i can make planes cheaper in mexico. if you get off the desk, what they will say, if we can make it in mexico, every manufacturing company wants to go there. you can pollute until the cows come home, doesn't matter, whatever. you're not moving? >> the nature of our products, the design intensity, the quality of the workmanship, and the fact that the capital is such a big piece of the equation, labor somewhat less piece of equation, although labor is significant, but the skill of the labor is important. the training program -- >> innovation. >> innovation. it's really important. it's very difficult to throw it into a developing company and expect the same result we have here with a trained and educated workforce. >> are we better as a country than we were 10, 20, 30 years ago? >> i think we're stronger. i think the japanese threat, i think the chinese threat woke us up. i think we've all gotten more

competitive. we're a long way of three martini lunches in the early '60s, '70s, a different competitive headset than most american companies these days. >> whatever to there was a time if i booked a boeing, they are going to do the concord one up. they are going to make it twice as fast. they are going to make it so we fly to europe in an hour. >> bottom line, kurconsumers wo pay for it. >> why? >> concord was a 20-year test. get there twice as fast. will you pay for the technology, two and a half times the ticket price. people would not do it. now, i think it will get addressed again in an ever more global, ever more competitive environment. seven hours to asia, three hours to europe may make a difference to somebody if we can get the technology less expensive. >> they care more about space, air, light, and windows. >> yeah, and three hours isn't going to make or break their business plan.

>> sir, you are a proud leader of a great american company. it is an honor to have you on "mad money." thank you for being so forthcoming about boeing. >> i aciat the invitation. >> "mad money" will be back. >> coming up, ride the lightning. take a nontop thrill ride as cramer goes stock after stock. all your calls taken rapid-fire on the lightning round.

it is time. it is time for the lightning round. then the lightning round is over. are you ready? the lightning round. patina virginia. pat. >> caller: jim?

>> pat. >> caller: yes, hi. this is pat from virginia. i'm a first time caller but i've been watching you from the very beginning. and you are a wonderful teacher. i've learned from you. you're the reason i'm still in the game. >> that's what i want to hear. i'm doing it right. lets make money together. what have you got? >> caller: i'm wondering, please, if you would give me your long-term and short-term opinion the next year or so for jpmorgan. >> i think jpmorgan should be a $60 stock, wouldn't be surprised ultimately goes to $70, a position in it, jamie dimon is doing a fabulous job will speaking of the service energy maria has lloyd blankfein on the closing bell tomorrow. i prefer jpmorgan because i like that steady stream of dividends coming. lets go to jan in texas. jan. >> caller: hi, cramer, jan from dallas. >> how are you, jan? >> caller: i'm ghood.

what's the deal with them? >> don't worry. right now they are a little margin squeeze. i've got to tell you, they can refine, they can ship overseas. they have a good edge. we have the ceo on. take advantage of it and buy. i need to go to john in new jersey. john. >> caller: jim, how are you? >> all right, home stater, what's up? >> caller: raised a lot of cash between deals with amgen, a reverse split one threw six. >> that's why i don't know it, because of the reverse split. i don't know the company. i'll have to come back. i wouldn't normally covering it. it's a $10, $1. i will come back and do work. i'm looking at my associate nicole. she's ready to do the job. lets go with paul in texas. paul. paul. >> caller: how are you doing, mr. cramer?

>> i'm doing well. thank you, paul. >> caller: big boo-yah from corpus christi, texas. >> oil and gas country. go ahead. >> caller: my question is i own clear wire, clr. >> you're done, it's over. take it off the table. remember, this stock was under a dollar. consider yourself lucky. i would immediately go out and buy a nice cashmere sweater. lets go to bob in kentucky. bob. >> caller: how is it going? >> good. how are you? >> caller: occidental petroleum. >> my travel trust here. the company is going to split up. when they split up, $120 in value. it's literally worth that much. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. still ahead, you plan, you play,

you try to perfect, but can your strategy stand up to cramer's test? call, e-mail or tweet cramer to find out if your portfolio has what it takes in am i diversified? [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪

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hey, maybe you're as smooth as well balanced as nik wallenda. maybe you can do something as insane as walk across without a safety net. me, i do everything to protect yourself including your portfolio, which should a have cushiony safety net in the form of diversification. step off the tightrope and loosen up. tweet me@jimcramer. yes, i do it for the home gamers. someone questioning me. tell me your top five holdings, i tell you if you're diversified enough, mix it up, give yourself a wider safety net. we ought to go to hawaii. we should go to larry in hawaii. larry. >> caller: hi, mr. cramer. god bless you. want to know if diversified with

groupon, cvs caremark, ford motors and blackberry. >> really interest. wow, i mean, see this is one where a person can be diversified but not have one of my favorite portfolios. i've got to tell you some bounce barclays. friday, sell about 15. groupon making a comeback, better management, bounced guy mason. an oil company, american manufacturer, auto company, terrific drug company, i think drugstore company coming out on top. technology, lets call it faux internet. so it is, indeed, a mahala. thank you. we're going to stay with hawaii. i feel like that george clooney movie. lets go to terrence in hawaii. >> caller: hi, cramer. >> hi, terrence. >> caller: hi. my stocks are general electric, duke energy, trinity industry, detroit edison. am i diversified?

>> that's four. there's four there. >> microsoft. >> mr. softy. lets go to work. microsoft is technology. starbucks? no, that's duke. that's detroit edison? dte. trinity is railcar, general electric diversified industrial. duke and dt, we can't keep both of those. we have to trade out dte and put in a health care company, lets make it on this pullback bristol-myers. lets go to jeffrey in florida. jeffrey. >> hi, jim, boo-yah. >> boo-yah. >> caller: i'd like to know if i'm diversified. my stocks are walt disney, dis, coca-cola, ko, enterprise products, dpd, american express, axp. wells fargo, swsc. >> we have a good one going here. i'll tell you why.

american express is a terrific financial. okay. disney entertainment company, how great a job is igor doing, espn doing fabulously. coca-cola, great industrial beverage company, enterprise, wells and american express. we're keeping wells, trade out american express. bristol-myers will be the addition. i want to make things more secure.

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why can't somebody in government just give a guy a warning? why can't we see genuine leadership from someone using the bully pulpit, not insisting a core or pace that doesn't do anybody any good. right now we're gripped by a total lack of what i could call authority. meaning people in power using power to get things down through suasion. not meeting and votes and straight jacket of regulations. the federal reserve. it was kind enough to give us a heads up how it was going to let the yield curve revert to a more natural position. how great would it have been if fwen bernanke in one of his myriad speeches you know what, those rooeches reaching for a year are going to get stung when we switch. those delicious words would be a shot across the bow, there will be a world of hurt if they

continue to do stupid things to get more juice on returns. his go to journalist or our own steve liesman that those using emerging market money funds as a way to stretch their returns will probably lose more money than they realize when the fed changes his stance. that's all he had to do. intimate door will be too small in places like thailand, philippines, indonesia, anywhere else that runs accounts definite set when we go less accommodative. you put money managers on notice and clients can keep the pressure on them to do the conservative not risky thing. remind them they shouldn't take on that risk. the fed chief also should worn using etfs to get yield, they will be roughed up. the bond funds might not be as safe as people think. they can be hammered as rates soar. why not do this, explain the hazards of what people are doing in the hundreds of billions of dollars of retirement money. before you say bernanke did that, i don't know a soul who

feels he warned anyone. i know plenty of reckless managers who might have reined in recklessness making it more palatable for rule powers. what about s.e.c., why can't missioner say why they can't greet on money funds, it's her intention when push comes to shove nobody that reaches for a yield is protected. all she has to do is say that. the lobbying efforts have made it hard for the industry to be regulated but she will not make life easy for those who do. how bows gary beginsler, smart guy, gives a speech those buying new-fangled debt obligations and doing swaps against it, if they creep back, people who use it are down right idiots. straight up idiots. do it. there's nothing wrong with that. there's tons of idiots out there. talk about how the industry wants to have opaque swaps because they can gaffe clients

more easily with fees. stabbing people know this. the dumber clients of which there are many more. regulators do speeches warning both managers and clients about stupid things they might do to hurt the system. that way their own bubbles and industries, they can warn dumber clients they are going to be crushed so they better be vigilant. you can't legislate more onic behavior. you can call morons out, they are doing something to put at risk with the process. tends to be captured by the industry itself. one thing about the service industry, it will not do what's responsible but most profit able. therein lies the problem, fill things out elected and nonelected officials, behind the scenes with background interviews and parties that jeopardize the system could be held at bay and all of us better protected than we are now from the shenanigans and foolishness that breed bubbles causing pain and loss for all the good guys who try to be prudent but upended by the greedy and

reckless. stay with cramer. [ male announcer ] we've been conditioned

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all right. we know about boeing. it is a great american company, a proud company. by the way, it's also an unbelievably good stock and tremendous innovator. it's probably the best american innovator we have. promise right the supreme court doma decision on same sex marriage is going to have some important effects on individuals, their finances and spousal benefits. we're talking income taxes, estate taxes, health coverage and more. we'll tell you what it means in dollars and cents. are we headed to $1,000 per ounce for gold. other commodities got slammed. is this from china or just global deflation? team obama is about to go all out appealing to athletes and hollywood actors hopg